ESCO Technologies Inc (ESE)
Return on equity (ROE)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 92,987 | 92,545 | 91,588 | 86,818 | 85,523 | 82,320 | 71,645 | 63,381 | 62,202 | 63,496 | 21,825 | 25,603 | 28,021 | 101,980 | 148,144 | 149,524 | 150,499 | 81,039 | 84,633 | 83,585 |
| Total stockholders’ equity | US$ in thousands | 1,154,090 | 1,131,140 | 1,107,040 | 1,080,800 | 1,066,400 | 1,048,160 | 1,029,880 | 1,021,170 | 1,015,280 | 1,019,700 | 1,004,850 | 990,660 | 976,162 | 959,026 | 943,457 | 926,207 | 915,491 | 826,222 | 811,807 | 794,396 |
| ROE | 8.06% | 8.18% | 8.27% | 8.03% | 8.02% | 7.85% | 6.96% | 6.21% | 6.13% | 6.23% | 2.17% | 2.58% | 2.87% | 10.63% | 15.70% | 16.14% | 16.44% | 9.81% | 10.43% | 10.52% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $92,987K ÷ $1,154,090K
= 8.06%
Esco Technologies, Inc.'s return on equity (ROE) has been relatively stable in the past eight quarters, ranging from 6.03% to 8.27%. The upward trend in ROE from Q2 2022 (6.78%) to Q3 2023 (8.27%) indicates an improvement in the company's ability to generate profits from shareholders' equity. Despite some fluctuations, the overall trend suggests that Esco Technologies has been effectively utilizing its shareholders' equity to generate returns. The consistency in ROE above 8% in the recent quarters reflects a robust performance and efficient management of the company's resources in creating value for its shareholders.
Peer comparison
Dec 31, 2023